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Discount is the difference between the selling price and the price paid for the item. Check FAQs
Disc=DR⋅LP
Disc - Discount?DR - Discount Rate?LP - List Price?

Discount given Discount Rate and List Price Example

With values
With units
Only example

Here is how the Discount given Discount Rate and List Price equation looks like with Values.

Here is how the Discount given Discount Rate and List Price equation looks like with Units.

Here is how the Discount given Discount Rate and List Price equation looks like.

6.18Edit=0.12Edit⋅51.5Edit
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HomeIcon Home » Category Financial » Category Financial Accounting » Category Financial Accounting » fx Discount given Discount Rate and List Price

Discount given Discount Rate and List Price Solution

Follow our step by step solution on how to calculate Discount given Discount Rate and List Price?

FIRST Step Consider the formula
Disc=DR⋅LP
Next Step Substitute values of Variables
∴ Disc=0.12⋅51.5
Next Step Prepare to Evaluate
∴ Disc=0.12⋅51.5
LAST Step Evaluate
∴Disc=6.18

Discount given Discount Rate and List Price Formula Elements

Variables
Discount
Discount is the difference between the selling price and the price paid for the item.
Symbol: Disc
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find DiscountOpen Variable
Discount Rate
Discount Rate is the interest rate charged to commercial banks and other depository institutions for loans received from the Federal Reserve Bank’s discount window.
Symbol: DR
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Discount RateOpen Variable
List Price
List Price is the price of an article as shown in a list issued by the manufacturer.
Symbol: LP
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find List PriceOpen Variable

Other Formulas to find Discount

​Go Discount given List Price and Price Paid
Disc=LP-SP

Other formulas in Basics of Financial Accounting category

​Go Discount Percentage
D%=(LP-SPSP)⋅100
​Go Depletion Charge per Unit
DC=OC-RVnDepletion
​Go Shareholders' Equity given Total Assets and Liabilities
TSE=TA-TL
​Go Shareholders' Equity given Share Capital, Retained Earnings and Treasury Shares
TSE=SC+RE-TS

How to Evaluate Discount given Discount Rate and List Price?

Discount given Discount Rate and List Price evaluator uses Discount = Discount Rate*List Price to evaluate the Discount, Discount given Discount Rate and List Price is offered on items to attract buyers. An example of a discount is when the selling price is cut down from 10 to 5 rupees in the store. Discount is denoted by Disc symbol.

How to evaluate Discount given Discount Rate and List Price using this online evaluator? To use this online evaluator for Discount given Discount Rate and List Price, enter Discount Rate (DR) & List Price (LP) and hit the calculate button.

FAQs on Discount given Discount Rate and List Price

What is the formula to find Discount given Discount Rate and List Price?
The formula of Discount given Discount Rate and List Price is expressed as Discount = Discount Rate*List Price. Here is an example- 15 = 0.12*51.5.
How to calculate Discount given Discount Rate and List Price?
With Discount Rate (DR) & List Price (LP) we can find Discount given Discount Rate and List Price using the formula - Discount = Discount Rate*List Price.
What are the other ways to Calculate Discount?
Here are the different ways to Calculate Discount-
  • Discount=List Price-Price PaidOpenImg
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